Friday, 27 February 2015
Last updated 58 min ago
Dec 14 2010 | 3:16pm ET
Famed short-seller Jim Chanos has raised $20 million for a new Caymans-based hedge fund, according to regulatory filings. He has also launched an onshore version of the new vehicle, Kriticos—which is Greek for ‘judgment’ or ‘discernment'— although the U.S. version has yet to raise capital.
Both Kriticos International and Kriticos Partners have a $1 million minimum investment requirement. It is not known what strategy the funds will employ, and calls to Chanos’ $3 billion hedge fund firm Kynikos Associates were not returned by press time.
In addition to Chanos, the documents name Brian Nichols, managing director and CFO of Kynikos, as a director of both funds and Martin Lang as a director of the Caymans vehicle.
Chanos, who founded Kynikos in 1985, originally gained notoriety for shorting Enron stock. These days, Chanos is bearish on China, saying that country will be the next investment bubble to burst.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…